Providence Institution for Savings v. City of Boston
Massachusetts Supreme Judicial Court
Two actions of contract to recover the amounts of taxes assessed in 1868, under the St. of 1868, c. 349, by the assessors of Boston, on the plaintiffs as nonresident shareholders in the capital stock of the National Revere Bank, a banking association established at Boston under the U. S. St. of 1864, c. 106; submitted to the judgment of the court on statements of facts in which it was agreed that the plaintiffs, the first of whom was a corporation in Rhode Island, and the…
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Two actions of contract to recover the amounts of taxes assessed in 1868, under the St. of 1868, c. 349, by the assessors of Boston, on the plaintiffs as nonresident shareholders in the capital stock of the National Revere Bank, a banking association established at Boston under the U. S. St. of 1864, c. 106; submitted to the judgment of the court on statements of facts in which it was agreed that the plaintiffs, the first of whom was a corporation in Rhode Island, and the second a citizen of Connecticut, paid under protest the taxes so assessed. The St. of 1868, c. 349, was passed June 11,…
1Opinion of the CourtAmes, J.
By the terms of the act of congress of June 30 1864, (U. S. St. 1864, c. 106,) under which the national bank» nave come into existence, all the shares in each of said banks *581are made taxable in the place in which the bank is “ located,” without any regard whatever to the legal domicil of the shareholders respectively. This provision forms a part of the organic law under which every such bank has its being, and under which the stockholders contribute to its capital. This court has recently decided that the word “ place,” as used in the statute, means the state within which the bank is located.…
2Cases cited1 opinion
- Flint v. Board of AldermenMassachusetts Supreme Judicial Court · 1868
3Cited by17 opinions
- Arnold v. Empire Mutual Annuity & Life InsuranceCourt of Appeals of Georgia · 1908
- Opinion of the Justices to the Senate & House of RepresentativesMassachusetts Supreme Judicial Court · 1915
- Bank of Redemption v. BostonSupreme Court of the United States · 1888
- McMahon v. WilliamsSupreme Court of Alabama · 1885
- Opinion of the Justices to the SenateMassachusetts Supreme Judicial Court · 1949
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